Morris Nichols Bankruptcy Alert - CTI Foods, LLC and Certain of Its Affiliates Files Chapter 11 Bankruptcy Cases in Delaware

On March 11, 2019 CTI Foods, LLC and certain of its affiliates filed voluntary petitions under Chapter 11 of the United States Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. As a courtesy to our clients and friends, the Morris Nichols Business Reorganization & Restructuring Group has summarized information related to the filings below.

Lead Case No. – 19-10497.

Debtor(s) – Chef Holdings, Inc.; Chef Intermediate, Inc.; CTIF Holdings, Inc.; Chef Investment, LLC; CTI Foods Acquisition LLC; CTI Foods Holding Co., LLC; CTI Services Corporation; CTI Foods, LLC; CTI Arlington, LLC; CTI Saginaw I, LLC; CTI King of Prussia, LLC; CTI-SSI Food Services, LLC; S & S Foods LLC; Custom Food Products Holdings, LLC; Custom Food Products, LLC; Liguria Holdings, Inc.; and Liguria Foods, Inc.

Description of Debtor(s) – Independent providers of custom food solutions to major chain restaurants in North America.

Website of Debtor(s) (URL) www.ctifoods.com.

Assigned Judge – The Honorable Christopher S. Sontchi.

Proposed Counsel – The Debtors' proposed bankruptcy co-counsel are Weil, Gotshal & Manges LLP and Young Conaway Stargatt & Taylor, LLP. 

Proposed CRO – Kent Percy.

Proposed Financial Advisor – AlixPartners, LLC.

Proposed Investment Banker – Centerview Partners LLC.

Plan Status – A Joint Prepackaged Plan was filed with petitions. 

First Day Hearing – A first day hearing has been scheduled for March 12, 2019 at 11:30 a.m. ET.  

Bankruptcy Documents  –

Please do not hesitate to contact any member of the Morris Nichols Business Reorganization & Restructuring Group if we can be of assistance.

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